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South Korea GDP Data Due On Thursday
South Korea will on Thursday release final Q2 numbers for gross domestic product, highlighting a busy day for Asia-Pacific economic activity. In the three months prior, GDP expanded 0.6 percent on quarter and 3.0 percent on year.
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1471 days ago
U.S. Dollar Continues To Show A Lack Of Direction
Extending the lackluster performance seen earlier in the week, the value of the U.S. dollar has continued to show a lack of direction on Wednesday.
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1471 days ago
Inflation Woes Drag European Markets Into The Red
The major European markets continued their recent downward trend on Wednesday, shrugging off a higher opening by moving quickly into the red and eventually finishing solidly lower.
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1471 days ago
Rate Hike, Growth Concerns Lift U.S. Dollar
The U.S. dollar climbed against its major counterparts in the European session on Wednesday, as European shares dropped on concerns that aggressive interest rate hikes by central banks in Europe and the U.S. could curtail global growth.
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1471 days ago
Chicago Business Barometer Inches Slightly Higher In August
A report released by MNI Indicators on Wednesday showed its reading on Chicago-area business activity was little changed in the month of August. MNI Indicators said its Chicago business barometer inched up to 52.2 in August from 52.1 in July, with a reading above 50 indicating growth. Economists had expected the business barometer to edge down to 52.0.
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1471 days ago
U.S. Private Sector Job Growth Falls Well Short Of Estimates In August
Payroll processor ADP released a report on Wednesday showing private sector employment in the U.S. increased by much less than expected in the month of August. ADP said private sector employment rose by 132,000 jobs in August after jumping by 268,000 jobs in July. Economists had expected employment to surge by 288,000 jobs.
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1471 days ago
Walmart To Acquire Minority Stake In Sustainable Beef
Retail giant Walmart, Inc. (WMT) and Sustainable Beef LLC announced Wednesday that Walmart signed an agreement to acquire a minority stake in North Platte, Nebraska-based Sustainable Beef LLC, a rancher-owned company.
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1471 days ago
more news
Vera Bradley Trims FY23 Outlook After Slipping To Loss In Q2
While reporting financial results for the second quarter on Wednesday, Vera Bradley, Inc. (VRA) trimmed its earnings and revenue guidance for the full-year 2023, as it expects the challenging macroeconomic environment to continue for the balance of the year.
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1471 days ago
U.S. Private Sector Employment Rises Much Less Than Expected In August
Payroll processor ADP released a report on Wednesday showing private sector employment in the U.S. increased by much less than expected in the month of August.
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1471 days ago
Dye & Durham Appoints Frank Di Liso As New CFO
Workflow software maker Dye & Durham Ltd. (DND, DND.TO) announced Wednesday that Frank Di Liso has been appointed as the Company's Chief Financial Officer, effective September 23, 2022. Di Liso will be based in Toronto and report directly to CEO Matthew Proud.
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1471 days ago
Dollar Edges Down Following ADP Data
U.S. ADP private payrolls data has been released at 8:15 am ET Wednesday. The greenback ticked down against its major rivals after the data.
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1471 days ago
Inflation Readings Dampen European Market Sentiment
European stock markets followed Asian and Wall Street peers to tread in the red zone as renewed anxiety surrounding inflation and a painful inflation combat drowned world markets.
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1471 days ago
FTC Sues Electrowarmth Alleging False Claim Over Heated Fabric Mattress Pads
The Federal Trade Commission has sued Electrowarmth Products, LLC and its owner, Daniel Grindle, on allegations of making deceptive claims about the heated fabric mattress pads they sell for truck bunks. The FTC charged Grindle and Electrowarmth with violating the Textile Act and the Federal Trade Commission Act.
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1471 days ago
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